Digital Transactions Authoritative, insightful and timely information for payments professionals
More evidence emerged in recent days to document the surging rise of mobile payments worldwide. For the first time, mobile transactions account for more than 25% of all global online traffic on the Adyen platform, the company said while releasing its quarterly Mobile Payments Index last week with statistics on the …
Read More »No Argument Here: Younger Consumers More Likely To Use Mobile Wallets
Twice as many 18-to-34 years old consumers, 32%, are likely to use mobile wallets like Apple Pay or Google Wallet as those 35 and older (16%), according to a survey of more than 900 adults by Fair Isaac Corp. That divide is even more pronounced among respondents 50 years or …
Read More »Higher Transaction Volumes Help Boost MasterCard’s Quarterly Profit by 21%
Boosted by higher transaction volumes both in the United States and abroad, MasterCard Inc. on Friday reported a 21% increase, adjusted for foreign-currency effects, in net income for 2014’s fourth quarter. The No. 2 payment network posted an $801 million profit versus $684 million a year earlier on net revenues …
Read More »As M-Commerce Increases, So Too Does Fraud, But Disproportionately: Study
As mobile commerce becomes ever more important to merchants, so too does the number of mobile payments made via apps and Web sites viewed on smart phones and tablets. Along with this growth, however, is a disproportionate increase in fraud as a percent of m-commerce revenue, finds the “2014 LexisNexis …
Read More »Observers Applaud Fed’s Payments Plan, But Lament Slow Pace of Progress
Now that the Federal Reserve has released its plan for faster payments in the United States, observers are applauding the effort while expressing some impatience with what they see as the central bank’s overly deliberate approach. “The Fed is indeed headed in the right direction, but it is a slow …
Read More »C-Store Chain Wawa Debuts a Mobile Payments And Rewards App
Starbucks Corp. has proven that consumer apps for buying coffee are becoming more popular, and now convenience stores have joined in with c-store chain Wawa Inc. launching its mobile-payments and rewards app. To use the payment function of the Wawa app, which is available for iOS and Android smart …
Read More »The Fed Releases Strategies, Plans for Faster Payments, Looks for Industry Participation
In a blueprint released Monday for a faster and more secure U.S. payments system, the Federal Reserve called for industry task forces to form early this year and for a “framework” to emerge by 2016 to set rules for near real-time payments. The banking regulator also set out five broad, …
Read More »Eye on Earnings: Card Volume Up for AmEx And Discover, But AmEx To Cut Jobs
American Express Co. reported $182.5 billion in U.S. card-billed business in the fourth quarter, up 7.9% from $169.1 billion a year earlier, and discount-fee revenues increased 1.8% to $4.99 billion from $4.90 billion. The average worldwide discount rate, however, decreased three basis points to 2.45% of the sale. American Express …
Read More »COMMENTARY: Securing the Future of Safe Electronic Payments
Americans love to shop. Whether online, in a small mom-and-pop business, or at a big-box retailer, shoppers turned out in droves this past holiday season. From Thanksgiving through Cyber Monday for example, online sales were up 12.6%–a record week–according to the IBM Digital Analytics Benchmark. For the holiday season overall, …
Read More »Seeking an ‘Integrated Mobile Offer,’ Ingenico Completes Takeover of Roam Data
Point-of-sale terminal maker Ingenico Group now owns all of Roam Data, a mobile POS company it first invested in in 2009. France-based Ingenico says the Roam brand will continue to be used on products, but the company name will be wrapped up into Ingenico. “With 100% of Roam, we will …
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